News
Housing’s Energy Hogs
If renters use more energy per square foot than homeowners, are apartments still energy efficient?
MacFarlane Acquires Land for Seattle Community for $2.7M
Investment management firm MacFarlane Partners has announced that it has acquired 251 8th avenue North in the South Lake Union area of Seattle, the final parcel for the site of a new 174-unit community.
TODAY’S DEALS: Trammel Crow Sells Austin Asset
ARA brokers a Trammel Crow sale; Berkeley Point Capital closes $12.5 million for a Dallas acquisition; and Arbor Commercial Mortgage funds $49.6 million in FHA financing for properties nationwide.
Carrfour Property Receives Grant to Create Urban Farm
The Health Foundation of South Florida has awarded Carrfour Supportive Housing, a major Florida affordable housing developer, a $28,800 grant to fund its Learning Kitchen and Farmer’s Market Training Program.
Let Your Residents Customize Light with Hue
When it comes to what the current generation of apartment renters is looking for, technology and customization are definitely two bullet points close to the top of the list. Rental communities looking to hit both items with a single design-oriented product might want to check out the Hue lighting system from Philips.
Improving Markets List Includes 247 Metros in August
A total of 247 metropolitan areas across 49 states and the District of Columbia qualified for inclusion on the National Association of Home Builders/First American Improving Markets Index for August.
Behringer Harvard Multifamily REIT I, Inc. Enters into Arrangements to Become Self-Managed
Behringer Harvard Holdings LLC announced that a special committee of the board of directors of Behringer Harvard Multifamily REIT I, Inc. and affiliates of Behringer Harvard, including the REIT’s dedicated advisor and property manager, have entered into contractual arrangements whereby the REIT will begin the process of becoming self-managed.
PRG Real Estate Acquires 200-Unit Community Near Charleston
PRG Real Estate has acquired Churchill Commons, a 200-unit garden-style apartment community situated on 10 acres of a serene park like setting in Summerville, S.C.
Economy Watch: Lenders Ease Their Standards (a Bit) in 2Q
According to the Federal Reserve, reporting in its July 2013 Senior Loan Officer Opinion Survey on Bank Lending Practices, domestic banks claim (on balance) to have eased their lending standards, and have experienced stronger demand for loans over the past three months.
Lease-Ups: Six Ways to Leverage Touch Technology
In the last five years, the touch screen interface has become almost omnipresent. One of the more recent innovations is the use of large touch panels and touch-surface tables to provide property information and virtual tours at multifamily communities.